Tech

Maars enters healthcare sector

By : CIOL Bureau

The Chennai-based Maars Software International Ltd. has expanded its spectrum to cover healthcare services by offering complete healthcare solutions

Third Linux vendor heads for Wall Street

By : CIOL Bureau

As expected, Linux server maker VA Linux Systems is the next Linux company to go public in a stock offering that will net the company some $70 million

Kshema Technologies net rises by 480% for first HY

By : CIOL Bureau

Bangalore-based Kshema Technologies has posted a net profit of Rs 2.64 crore in the first half of the current fiscal, as against Rs 55 lakh in the corresponding period of 1998-99, recording a growth of 480 per cent in net profits

Intel, AMD, IBM detail 64- bit processor designs

By : CIOL Bureau

Two years ago, Intel was talking about its IA-64 Merced processor promising a blazing speed of around 650 MHz

Intel, Nokia in TV set-top deal

By : CIOL Bureau

Intel has announced that it had signed a joint development agreement with mobile phone maker Nokia Oyj to make television set-top boxes that combine features of the Internet with broadcast TV

Infosys inaugurates software development campus in Pune

By : CIOL Bureau

Infosys Technologies Limited today announced the inauguration of its Software Development Campus at Pune Infotech Park, Hinjawadi, Pune

Intel to buy DSP Communications

By : CIOL Bureau

Intel Corp has agreed to buy wireless telephone chipmaker DSP Communications Inc in a $1.6-billion deal

Godrej & Boyce to divest from Godrej Pacific Technology

By : CIOL Bureau

MUMBAI: Godrej & Boyce Manufacturing has announced the divestment of its 50 per cent equity shareholding in Godrej Pacific Technology Limited to Tech Pacific. This is a consequence of a strategic decision by Godrej & Boyce to focus on its

Visesh plans IPO

By : CIOL Bureau

BANGALORE: Bangalore-based Visesh Infosystems Ltd. plans to raise Rs 15 crore through an initial public offering (IPO) in November. Visesh will use the proceeds to establish an offshore development centre cum back office centre in Gurgaon, which will entail an

Plans to make UK entry easy for SW pros

By : CIOL Bureau

MUMBAI: UK-based Computer Services Software Association (CSSA) is currently lobbying with Overseas Labour Services to lay down new regulations that would give tremendous boost in software exports from India. With the new legislation, Indian computer professionals will be able to

Nasscom opposes tax on ESOP

By : CIOL Bureau

BANGALORE:The National Association of Software and Service Companies (Nasscom) has requested the Centre to immediately remove the “unfair taxation” of employee stock options (ESOP). According to Nasscom President Dewang Mehta, some members of Nasscom had received notices from the Income-Tax

Intel 3rd quarter revenue up 9%

By : CIOL Bureau

BANGALORE: Intel Corporation announced third quarter revenue of $7.3 billion, up 9 per cent from the corresponding period of 1998, which saw a revenue of $6.7 billion. Third quarter revenue includes post-acquisition revenue of companies acquired in the third quarter.

Hughes Software IPO oversubscribed

By : CIOL Bureau

BANGALORE: Hughes Software Systems IPO has been oversubscribed 39 times, collecting Rs 1,098 crore, from the fixed price portion of Rs 27.56 crore. The issue, which opened on October 7 and closed on October 13, consisted of 4,37,500 shares of

Delphi and HP to promote insurance industry portal ebix.com

By : CIOL Bureau

BANGALORE: Delphi Information Systems, Inc. and Hewlett-Packard (HP) has announced an alliance to support and promote the world’s first insurance industry portal, ebix.com, including co-branding on all advertising for the portal. HP will also provide ebix.com, e-service performance through its

Compaq Computers, Amex tie-up

By : CIOL Bureau

BANGALORE: Compaq Computers has announced a tie-up with American Express (Amex) which would allow consumers to buy its Presario range of home PCs for Re 1 in addition to the 2 per cent (of the computer price) as service fee.

Control Techniques launches micro-drives

By : CIOL Bureau

BANGALORE: Control Techniques India Ltd., a member of the Emerson Group, the US, has launched vector-controlled micro-drives under the brand name – Commander SE. Speaking at the launch, Control Techniques Asia-Pacific Region Chief Executive Officer Worldwide Ray Brister said "Commander

CITIL first half turnover grow by 51%

By : CIOL Bureau

BANGALORE: Citicorp Information Technology Industries Ltd (CITIL) has announced 51 per cent growth in turnover for the period April to September 1999 as compared to the same period in the last financial year.The company’s unaudited results show that the company

BFL Q2 net profit dips by 75%

By : CIOL Bureau

BANGALORE: Bangalore-based BFL Software showed a drastic dip in its net profit during the second quarter ending September 30, 1999. The Q2 net profit went down to Rs 1.82 crore from Rs 7.14 crore in Q2 of 1998-99, a fall

Adobe to expand operations in India

By : CIOL Bureau

BANGALORE: Adobe Systems India Pvt Ltd, the wholly owned subsidiary of publishing and imaging software major Adobe Systems Inc, is looking to expand its research and development activities in India. The company may increase the size of its development team

VMC half-yearly profit up, decalres 40% interim dividend

By : CIOL Bureau

BANGALORE: VMC Software Ltd. has increased its total turnover by 259 per cent to Rs 2.04 crore during the half-yearly ending on September 30, 1999 as compared to the previous years Rs 56.93 lakh. The net profit also jumped by